The Tim Ferriss Show#869: Max Levchin, PayPal and Affirm — The Path from The Soviet Union to Building Multi-Billion Dollar Companies (Plus: Real-World Socialism vs. Capitalism)Banks Laughed At No Late Fees
1:09:25–1:10:01 · 36s
Max recounts industry veterans mocking Affirm’s model, insisting profits live and die on late fees and compounding debt.